5 new banks have joined the Unified Payments Interface (UPI) bandwagon, thereby taking the total number of banks using UPI to 26. The five latest entrants include public sector lenders, State Bank of India, Allahabad Bank and Bank of Baroda and two private banks HDFC Bank and IDFC Bank. UPI was launched by National Payments Corporation of India with Reserve Bank of India.
So, let’s discuss some questions related to this post:
Q1. Name the five banks which have joined the Unified Payments Interface, recently?
Q2. Where is the Unified Payments Interface headquarter located?
Q3. How many total banks are included in Unified Payments Interface?
Answer1. State Bank of India, Allahabad Bank and Bank of Baroda and two private banks HDFC Bank and IDFC Bank.
Source – The Hindu